Scotiabank Increases Stella-Jones (TSE:SJ) Price Target to C$88.00

Key Points

• Scotiabank has increased its price target for Stella-Jones (TSE:SJ) from C$81.00 to C$88.00, indicating a potential upside of 9.32% from the stock's previous close.
• Other analysts have also raised their price targets for Stella-Jones, with National Bankshares setting a target of C$95.00 and Desjardins at C$92.00, reflecting strong confidence in the stock.
• Stella-Jones currently has a consensus rating of "Buy" among analysts, with an average price target of C$90.33.

Stella-Jones (TSE:SJ - Get Free Report) had its target price boosted by analysts at Scotiabank from C$81.00 to C$88.00 in a note issued to investors on Friday,BayStreet.CA reports. Scotiabank's target price points to a potential upside of 9.32% from the stock's previous close.

Several other research analysts also recently weighed in on the stock. National Bankshares upped their target price on shares of Stella-Jones from C$92.00 to C$95.00 and gave the stock an "outperform" rating in a report on Thursday, October 9th. Desjardins increased their price objective on shares of Stella-Jones from C$89.00 to C$92.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. CIBC increased their price objective on shares of Stella-Jones from C$89.00 to C$90.00 in a report on Friday, October 3rd. Finally, Royal Bank Of Canada upped their target price on shares of Stella-Jones from C$78.00 to C$87.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$90.33.

Stella-Jones Price Performance

Shares of TSE SJ traded down C$0.05 during midday trading on Friday, reaching C$80.50. The stock had a trading volume of 141,252 shares, compared to its average volume of 113,647. The stock has a 50-day moving average of C$78.80 and a 200-day moving average of C$75.84. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85. The company has a market capitalization of C$4.45 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. Stella-Jones has a 12-month low of C$62.26 and a 12-month high of C$89.73.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.

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